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A Company has two Stores, M and N. Store N had sales of $216,000 during March, a segment margin of $60,300, and traceable fixed expenses of $29,800. The company as a whole had a contribution margin ratio of 25% and $127,500 in total contribution margin. Based on this information, total variable expenses in Store M for the month must have been: $256,600 or $129,100 or $382,500 or $294,000.
Prepare a complete multiple step income statement for the company (showing both gross profit and income from operations).
How much must Paul pay in estimated taxes to avoid a penalty (disregard the making work credit)? If Paul paid $1,000 per quarter, would he have avoided the estimated tax penalty?
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A corporation issued 5,000 shares of $10 par value common stock in exchange for some land with a market value of $60,000. The entry to record this exchange is ??
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During 2010, Burlington Company incurred operating expenses amounting to $600,000, of which $550,000 was paid in cash; the balance will be paid in January 2011. On the 2010 income statement of the company, what amount should be reported for operat..
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Of all the business processes in the Accounting Information Systems (AIS), which do you think is the hardest to control and why? Be specific in your discussion of internal controls.
at the beginning of the year fun ships cruises line purchased a cruise ship at a cost of 55 million. fun ships expects
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